Sydney is the only financial capital city in the world, where workers have a quick commute from their offices to pristine ocean beaches from their offices.
Sydney is the only financial capital city in the world, where workers have a quick commute from their offices to pristine ocean beaches from their offices.
The heady pre-GFC days of borrowing exorbitant amounts of money to fund a home purchase while living on credit seem to be a thing of the past, according to new research.
I’ve never been an advocate of fixing a home loan, it’s been my experience that so many things can change over a typical fixed rate period, that locking in for three to five years is just too lengthy.
While a much smaller portion of homeowners go for a fixed rate, they are common for FHB’s, those starting a family and others who fear interest rates may skyrocket.
With the majority of banks now lending money to borrowers with only a five per cent deposit, is there a chance we could return to the pre-GFC days of 100 per cent loans?
After a patchy start in 2011, the property market is tipped to regain steam in the second half of the year according to industry forecaster BIS Shrapnel.
Competition in the home loan market is being stifled by the lack of wholesale funding available to non-bank lenders – the group who introduced competition in Australia in the early 1990s.
Money, money, money: interest rates, coastal sales, GFC recovery and bubble trouble – this week we check out finances and the property market. Check out This Week’s Picks below. Interest rates remain on hold As predicted by most economists, the Reserve Bank has left interest rates on hold at 4.75 per cent. (read more) Bubble [...]
In the wake of the Global Financial Crisis, local banks found it harder to access credit from overseas money markets and reacted by tightening lending criteria. Many institutions focused on higher loan-to-valuation ratios (LVRs), and cracked down on the low-doc and no-doc loans, which in the United States for a varied number of reasons (not [...]
Aussie has bucked the trend in the finance industry, recording very strong growth, diversifying its product offering and employing more staff in a period marked by the effects of the Global Financial Crisis. While competitors have suffered from falling market share, Aussie has emerged from the GFC bigger, stronger and poised to assume its mantle [...]